Management were totally and utterly out of their depth when they purchased the dog gold mine. Anderson was totally incapable of running the overseas operation. Hundreds of millions of dollars were spent on what exactly? The lithium development was simple, the gold acquisition was a disaster and appears to have created ALL the problems facing FFX and LLL. BGS holders are left with a fraction of their original stake in Goulamina as a direct result of the decision to buy the goldmine. You are right, the problem is historic and originated in Perth. The political instability/anti-west sentiment has compounded it. Exiting ECOWAS will potentially further complicate things. A complete clusterf$&@ and we are left with a board which many of us do not trust.
FFX Price at posting:
20.0¢ Sentiment: None Disclosure: Held